Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Since 2014, China’s capital has completed the mergers and acquisitions of more than 10 overseas clubs in England, Spain, Italy, France, Netherlands and Australia. This movement is really gaining momentum. In the wake of the recent takeovers of Aston Villa, Wolves and West Brom, another Premier League club is to be acquired by a Chinese enterprise.
Greater China Professional Services Limited(GCPSL), a company listed in Hong Kong, announced that it has formed a consortium with Camsing Global which signed an agreement with the seller Allamhouse Limited, aiming to acquire Hull City Association Football Club(Hull City) from the Premier League for £130 million.
The services of GreaterChina Professional Services Limited covers asset adversary, enterprise service consulting, media advertisement and finance & mortgage.
After acquisition, it will strive to promote derivatives such as Hull City merchandise in mainland China and Hong Kong, while developing a chain franchise, commodity and media business to coordinate with existing business. It is believed that this acquisition can create opportunities in media, advertising and relevant areas of the Chinese market which have unlimited potential.
This acquisition will also bring other revenue including ticket proceeds, television and broadcasting income and various business revenues from sponsorship, commodity accessories and relevant products.
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
The sports dream of China’s Xiongan New Area
13 Oct 2017
Sina Sports signs Michael Owen
07 Aug 2015
China CEFC Energy Company Limited in Slavia Prague takeover
25 Nov 2016
Youth soccer program connects Beijing school students with EPL
24 Jul 2015
Four Chinese buyers eye Stellar Group
23 May 2016
More from Yutang Sports
SportAccord's Interview with Gillian Sanders: Challenges for women in sport
26 Apr 2024
SportAccord scores Summit touchdown with NFL
18 Jan 2024
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
IWGA to confirm the World Games host
11 Apr 2024
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
Yutang Sports
loading...